The American taxpayer is paying through the nose for the low rate of return permitted to aircraft manufacturers, Mundy I. Peale, president of Republic Aviation Corporation, said yesterday in making public his company's annual report. View Full Article in Timesmachine »

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A version of this archives appears in print on March 28, 1952, on Page BUSINESS38 of the New York edition with the headline: REPUBLIC REPORTS 2.24% PROFIT RATE; Plane Manufacturer Earned $2.92 Per Share in 1951 -- Jet Output Quadrupled . Order Reprints|Today's Paper|Subscribe